In this episode, I talk with Jimmy Song about the myth of the blockchain
revolution. Jimmy explains what a blockchain is, why the only real use case
is money, the problem with Ethereum and why Gigameg blocks won’t work.
Bitcoin is hard money. It's also the first implementation of a digital asset and opened up a Pandora's box. There are a number of other use cases of other kinds of digital assets that will exist. Will they be as valuable as Bitcoin? Probably not, but digital assets will be huge and used for all sorts of things, especially financial derivatives and digital collectables, among other things I can't even predict.
Maybe it will all be Bitcoin based and/or on a sidechain or nth layer or something else but digital assets will be used for more than just hard money. They already are.
Yeah, he over-swings on this take for sure - almost to the point of being facially illogical. It actually undercuts a lot of his other arguments, in my opinion, because on some level it makes me question their underlying logical basis, as well, especially given the confidence with which they are typically delivered.